Stonebridge Financial Planning Group LLC Sells 1,068 Shares of First Trust Water ETF (NYSEARCA:FIW)

Stonebridge Financial Planning Group LLC reduced its holdings in First Trust Water ETF (NYSEARCA:FIW) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,180 shares of the company’s stock after selling 1,068 shares during the quarter. Stonebridge Financial Planning Group LLC owned 0.11% of First Trust Water ETF worth $1,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in First Trust Water ETF by 9.5% in the second quarter. LPL Financial LLC now owns 694,618 shares of the company’s stock valued at $69,448,000 after buying an additional 59,991 shares during the period. Commonwealth Equity Services LLC grew its position in shares of First Trust Water ETF by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 312,016 shares of the company’s stock worth $31,195,000 after purchasing an additional 9,250 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Water ETF by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 186,040 shares of the company’s stock valued at $18,600,000 after purchasing an additional 1,803 shares in the last quarter. SRS Capital Advisors Inc. grew its position in First Trust Water ETF by 29.6% during the 3rd quarter. SRS Capital Advisors Inc. now owns 168,604 shares of the company’s stock worth $18,433,000 after acquiring an additional 38,490 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of First Trust Water ETF by 68.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 140,524 shares of the company’s stock valued at $14,050,000 after purchasing an additional 57,253 shares in the last quarter.

First Trust Water ETF Price Performance

NYSEARCA FIW traded down $0.36 on Wednesday, reaching $106.85. The company had a trading volume of 28,043 shares, compared to its average volume of 39,564. First Trust Water ETF has a fifty-two week low of $85.68 and a fifty-two week high of $111.64. The business has a 50 day moving average of $107.71 and a two-hundred day moving average of $104.98. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 33.23 and a beta of 0.99.

First Trust Water ETF Company Profile

First Trust ISE Water Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE Water Index (the Index). The Index is a modified market capitalization-weighted index consisting of 36 stocks that derive a substantial portion of their revenues from the potable and wastewater industries.